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It's Cold Outside: Reduce STF Accidents
January 18, 2010
It’s no secret that slip, trip and fall accidents increase substantially during the winter months – December through March. But there are things tire dealers can do to reduce these falls and minimize their risk.
“Given the current economic climate, cost is, understandably, a primary concern when planning a winter safety program,” said Helene Browning, director of general...
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Pollution: Does It Have To Be A Dirty Word?
December 14, 2009
Even with today's special emphasis on all things environmental, pollution has long been a dirty word, especially to tire dealers.
And can cost your business millions of dollars without good risk management and insurance coverage.
Is your business exposed to pollution liability risks? Are you covered? Can you sleep comfortably at night knowing you have taken all the necessary steps to control...
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Road Testing Customer Vehicles: Question of Quality
November 16, 2009
Road testing your customer’s vehicle after completing service and repair work is a good idea, for many reasons. Obviously it’s very important to verify the quality of your work to ensure customer satisfaction. However, validating the safety of the vehicle after work is complete can also help reduce your liability risks.
Safety Concerns
The safety factor deserves additional attention...
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Avoid the Million Dollar Brake Job
September 02, 2009
“A customer brought their car into our service department for a brake job. This customer was a ‘waiter,’ so we pushed the job through pretty quick. The technician finished the job; the customer paid the cashier and drove off. That car was going over 60 mph when the wheel fell off, the vehicle went out of control and crashed. It was a terrible accident. Attorneys for the family...
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Beware the Low-Ball Bid
July 31, 2009
In the competitive insurance
business, any number of carriers will "low ball" a bid, dramatically
under-bidding other companies in an attempt to buy your business. However,
buyers beware: Inferior service and an inevitable increase in rates often
accompany low-ball bids. When you put your tire business insurance out for bid,
be sure you consider these four components:
1) Service:...
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Monitor Insurance for Changes
July 31, 2009
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As your dealership changes
and expands, it becomes critical to discuss potential new risks with your
insurance agent during quarterly or annual meetings.
Specific business insurance
risks include:
• Real estate: The value of
your property has likely appreciated; thus, your real estate insurance...
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Cut Health Insurance Costs
July 31, 2009
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While independent tire
dealers have little control over the rising costs of health insurance for their
employees, they may be able to offset all or part of the increases by adjusting
their overall benefits packages – without diminishing the benefits they offer
or significantly increasing plan...
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Insurance Must-Haves
July 31, 2009
Business experts say that
independent businesses generally go through three distinct growth stages, and
the amount and type of insurance a business needs depends on which stage it’s
in. In the early stages of growth, for example, a company should focus on only
the basics; then, additional insurance should be added gradually as the
business expands.
Not sure which stage your
dealership...
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Large Cash Transactions: the IRS Needs to Know
July 31, 2009
If your business is ever a
party to large cash transactions, you should have written procedures in place,
prepared with advice from legal counsel, concerning how to handle such
transactions. All of your employees should be well trained in cash reporting
procedures, especially those that are involved in processing the transaction.
Failure to comply with cash reporting regulations could cause...
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Tire Rotation and Four-Wheel Brake Service: $1,000,000
July 31, 2009
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“A customer brought their
car into our service department for a brake job. This customer was a “waiter,”
so we pushed the job through pretty quick. The technician finished the job; the
customer paid the cashier and drove off. That car was going over 60 mph when
the wheel fell off, the vehicle...
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Youthful Drivers: Is Your Company Exposed?
July 31, 2009
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FACT: 48% of all
vehicle accidents involve drivers under the age of 25.
What is a youthful driver?
Although opinions may vary, most rental car and insurance companies consider
anyone under the age of 25 as “youthful”. If a 24-year-old is considered a “youthful”
driver, then what is a 17- or 18-year-old?
...
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Eight Sure-Fire Ways to Get an OSHA Inspection
July 31, 2009
Ever wondered how OSHA
decides when to invest its limited enforcement resources on an inspection, why
some places seem to be left alone for years, others never see one, and yet the
guy down the road has been visited four times in three years?
OSHA gets ready to inspect
you if a complaint:
• Is in writing and signed
by a current employee or employee representative, and there are r...
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Keeping an “Eye” on Your Business
July 31, 2009
Everyone agrees that you
need to keep an eye on your business to be successful. Today’s closed circuit
video surveillance systems take this concept to a new level.
The first thing that may
come to mind is “those cameras should really help prevent car theft” or “these
systems will really upgrade the security of our facility.” While these
statements may be...
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Retreaders: Preventing Chamber Fires
July 31, 2009
If you have ever experienced
a chamber fire in your plant, chances are it involved either the heating
systems and elements or tire/envelope contamination.
Heating system elements such
as fan motors, thermostats, electrical contacts, baffles, etc. can overheat and
a fire may result. Contamination can come from sealants and lubricants used
during tire mounting and break down. Four words can prevent...
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Business Insurance
July 14, 2008
With all the hard work and investments of time, money and energy you've put into building your dealership, do you really want to sit back and take the chance that nothing bad will happen?
Accidents, injuries, crime and the resulting lawsuits hit all types of businesses – large and small, franchise or family-owned. Determining your shop’s value and investigating the right kind of...
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Disaster Recovery Planning: Surviving the Severe Weather Season
May 17, 2006
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Last year, worldwide insurance and
reinsurance losses related to the five major hurricanes that hit the U.S. were
estimated at $57.6 billion, according to Advisen Ltd. For any tire dealership
to survive disasters like these, it must have a recovery plan.
If you don’t already have a
contingency...
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Five Ways to Slash Insurance Costs
February 01, 2004
Take control of rising premiums. Learn from those who’ve done it.These days, Bob Malerba, owner of Malerba's Silver City Tire Co., is feeling a lot better about the cost of his business insurance.Just 18 months ago, Malerba was at his wits end as he helplessly watched his insurance rates skyrocket. Malerba knew he was in insurance trouble because of too many claims, but he didn’t know...
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Fed Up With Insurance Costs?
October 01, 2002
Fed Up With Insurance Costs?Why it’s gotten so bad, and what you can do about itWhat is it about insurance that gives you a 365-day migraine? Your rates keep going up! You’ve just been canceled! And this just in®€ƒyour rates are about to go up again!Is it really that bad? Yes, but do you really know why? And, more importantly, what can you do about it?"Plaintiff attorneys...
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In Good Hands: Having The Right Insurance Can Help You Survive More Than One 'What If'
February 01, 2002
In Good HandsHaving The Right Insurance Can Help You Survive More Than One 'What If'It's said that when it comes to getting insurance, you're simply betting that something bad will happen. True or not, it's better to be safe than sorry.Having insurance is a must in order to stay in business. In today's society, your customers are more willing to settle their complaints with you in front of a judge...
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Financial: Insurance Checkup
January 01, 2001
FinancialInsurance CheckupBusiness insurance is one large fixed cost for any dealer. But periodic reviews of your insurance needs and status can help reign in some of those costs. Insurance is designed to protect you and your business from unexpected disaster, but careful consideration of real costs vs. anticipated costs can help you save money and prevent headaches.Check your deductible levels: Higher...
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